Northwest Oil & Gas Trading Company, Inc.
Northwest Oil & Gas Trading Company, Inc.: Oilwells in Louisiana and Texas
Northwest Oil & Gas Trading Company, Inc. / Key word(s): Miscellaneous 24.05.2011 / 11:25 As published end of April the legal process for assigning percentages in several small already producing oil wells is completed. These 14 wells are located in Louisiana and out of the fair way of hurricanes that usually hit the coast of Louisiana around summer and autumn. It is important to note that no damage was suffered from the latest storms or the devastation of hurricanes Katrina and Rita. The goal is to increase the actual production by reworking the wells and the technical equipment and/or drilling new wells. Within one year six-digit-revenues are possible. Actually NWO is in Due Diligence concerning a venture in a low risk oil prospect in Texas. The Project includes 4 leases covering approximately 465 acres with 32 total wells. This consists of 12 producing wells, 15 shut in wells, and 5 Salt Water Disposal (SWD) wells. The plan is to bring 14 of the shut-in wells on line and to drill additionally 10 new infield wells (the shallow oilbearing zone will secure a cost-efficient drilling). About Northwest Oil & Gas Trading Company, Inc.: Northwest Oil & Gas Trading Company, Inc. is an exploration and production company pursuing the primary goal of activating or reactivating oil- and gas-reserves. Disclaimer/Predictive statements: This notification serves only general purposes and is not meant as a tender to purchase or sell shares of Northwest Oil & Gas Trading Company, Inc.. Some statements in this notification are so-called forward-looking statements under the U.S. Private Securities Litigation Reform Act of 1995. These assertions are based on current expectations, estimates and forecasts as well as currently available information. The future-oriented assertions are not to be understood as guarantees of the cited prospective developments and results. The statements are not based on historical background, but rather represent predictive position statements and assumptions subject to risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements and assumptions, including, but not exclusively, certain delays beyond the control of the company with respect to the beginning and duration of exploration and production, uncertainties regarding future and/or unexpected costs, fluctuations in commodity prices, the inability or failure to obtain adequate financing on a timely basis, changes in the national and local laws, contestations of legal possession of the property, hazards effecting the environment, on-site accidents, unusual or unexpected geological formations, flooding and other natural catastrophes, the risk of inadequate insurance or the inability to conclude an insurance contract and other risks, as well as also entirely unknown risks, uncertainties and factors which could lead to situations where the actual results, financial situation, developments or performance of the company considerably deviate from those which were expressly or implicitly assumed in these statements or assumptions. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Magnolia, May 24th, 2011 Northwest Oil & Gas Trading Company, Inc. Investor Relation Germany: Phone +49 (0)30-6098 0696 End of Corporate News --------------------------------------------------------------------- 24.05.2011 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 125936 24.05.2011
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